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An insurance company sells a homeowner's insurance policy that is $600 per year per policy. The insurance company 1 predicts that the probability of having

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An insurance company sells a homeowner's insurance policy that is $600 per year per policy. The insurance company 1 predicts that the probability of having a home being damaged in the area it sells this policy is about If the home is 1,000 damaged, the insurance company expects to pay $400,000 to the homeowner. If the company were to sell 250 policies, how much money can it expect to gain or lose? . Enter an expected loss as a negative number

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